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Fubon Life Insurance was fined

When handling businesses including fiduciary investment in overseas shares, general affairs type and real estate construction and maintenance project type procurement, real estate investment and securities investment, Fubon Life Insurance Co., Ltd. violated related regulations and caused concern over its sound operation. In response, the FSC imposed a fine of NT$12.6 million under Article 168-1 and 171-1 of the Insurance Act, and issued the company with 6 reprimands and ordered it to not increase its overseas fiduciary investment position for one year under Article 149 of the Insurance Act.
Visitor: 9314   Update: 2018-10-02
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